My current bank is about to replace my debit card with a chipped one. Dngrswife reads this notice from the bank announcing such and asked me, "what are these things and why are they better than the current cards?" Sensible question. So I give her the pat answer of the chip is more secure and the bad guys can't skim your information with a nearly invisible scanner slapped to the front of the ATM anymore. But then later, it occurred to me: the new cards still have stripes, and they have to be backward-compatible with current point-of-sale fixtures. So... the bad guys can still skim the card... they are just going to be restricted to store that don't use chips! Or am I missing something here?